Magyar Telekom files auction bid for 900 MHz frequency blocks
Magyar Telekom on Thursday said it filed an auction bid with Hungary’s National Media and Infocommunications Authority (NMHH) for unused spectrum in the 900 MHz frequency band.
Thursday was the deadline for filing auction bids.
The NMHH has disclosed plans to conclude the auction process on January 31, 2012, Magyar Telekom said.
The NMHH announced the tender for the frequencies on August 4. A 5MHz "A" frequency block is being offered at a starting price of net HUF 4bn. 1MHz "B" frequency blocks are being offered at a starting price of HUF 700m apiece, and 0.8MHz "C" frequency blocks are being offered at a starting price of HUF 560m.
Bidding will take place in the first phase of the tender. Blocks will be assigned in the second phase.
The winner of the "A" block will also get an option for three 1,800MHz blocks and three 2,100MHz blocks.
If the first round of the tender is closed without result, bids may again be submitted for the "A", "B" and "C" blocks in the second round.
Participants may win no more than a combined 7.8MHz in the band.
At present, the only mobile telecommunications service providers in Hungary are Deutsche Telekom unit Magyar Telekom, and the units of Telenor and Vodafone.
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